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2013-07-18 Home Front: Culture Wars
Detroit files for bankruptcy - let the seething begin
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Posted by Barbara 2013-07-18 17:34|| || Front Page|| [11135 views ]  Top

#1 "I don't dispute the gravity of Detroit's problems. They are basically the same problems that beset every American city, except that they are magnified by the fact that modern Detroit was built around the auto industry, which has been losing blood for two decades, and the accompanying reality that white flight, industrial and social, has left Detroit with the damnedest demographics in America." - Coleman A. Young, Mayor of Detroit 1973-1993
Posted by Pappy 2013-07-18 18:08||   2013-07-18 18:08|| Front Page Top

#2 Who's next?
Posted by Abu Uluque 2013-07-18 18:17||   2013-07-18 18:17|| Front Page Top

#3 "I Refused To Let Detroit Go Bankrupt" - Barack Obama, October 2012
Posted by tipper 2013-07-18 18:20||   2013-07-18 18:20|| Front Page Top

#4 and the accompanying reality that white flight, industrial and social, has left Detroit with the damnedest demographics in America

"they shouldn't be allowed to leave and take OUR money with them!"
Posted by Frank G 2013-07-18 18:47||   2013-07-18 18:47|| Front Page Top

#5 Here is a question I asked at the Corner earlier today:

A question for the Corner, its writers and readers:

It is said that the collection of the Detroit Institute of the Arts is worth many billions. To help resolve the inevitable bankruptcy, should the city offer up part or all of the collection to pay its debts (particularly to city employee pension plans), or should it continue to hold the collection in conservatorship for future generations?
Posted by Steve White 2013-07-18 19:08||   2013-07-18 19:08|| Front Page Top

#6 Hi - I left Detroit in the early '90s just past the peak of a crack fueled burning of the city. This was bound to happen, Even before the Young administration Detroit was corrupt..
NAFTA sealed the deal with most of the auto parts manufacturing going to Mexico.
Thanks Bill Clinton...
People may talk about 'white flight' but after the Devils Nights for a few years around '87 - IMO - any one who could, left the city.
White - Black - Latino...
I know most big city's have problems - but I've never seen it on a scale like that of Detroit at the time.
And I've been to most large American cities.
My only hope is that this is not the coming trend for other cities in America.
And I wont even start in on the salifist's in Dearborn and Hamtramak...
-Sorry for venting-
Posted by linker 2013-07-18 19:13||   2013-07-18 19:13|| Front Page Top

#7 and for anyone interested here is a copy of the bankruptcy filing

"LINK"
Posted by linker 2013-07-18 19:23||   2013-07-18 19:23|| Front Page Top

#8 seen elsewhere:
"If Obama had a City, it would look like Detroit"
Posted by Frank G 2013-07-18 19:23||   2013-07-18 19:23|| Front Page Top

#9 The future of California
Posted by DarthVader 2013-07-18 19:35||   2013-07-18 19:35|| Front Page Top

#10 'should the city offer up part or all of the collection to pay its debts'

Steve, I've heard not only the works at the DIA (and the bronze Rodan Thinker statue} are to be sold but also selections of the library - even talk of selling the bronze 'Spirit of Detroit' statue...
Posted by linker 2013-07-18 19:42||   2013-07-18 19:42|| Front Page Top

#11 What about Robocop? Does someone get the Robocop statue?
Posted by Thing From Snowy Mountain 2013-07-18 19:45||   2013-07-18 19:45|| Front Page Top

#12 Sorry - no Robocop statue :}
There is the large black fist statue though.(famous black boxer from the 40's)
It's odd, a large forearm and fist hanging on a chain on a tripod.
it must be 10 - 15 feet long probably bronze.
Posted by linker 2013-07-18 19:56||   2013-07-18 19:56|| Front Page Top

#13 12 Things That Will Happen Next In Detroit's Bankruptcy
Posted by tipper 2013-07-18 20:15||   2013-07-18 20:15|| Front Page Top

#14 -Sorry for venting-

linker dear, here at Rantburg we call that an informed rant, and are glad to have been educated by it. Please do so again as warranted.
Posted by trailing wife 2013-07-18 20:24||   2013-07-18 20:24|| Front Page Top

#15 'trailing wife'
will do..
Posted by linker 2013-07-18 20:28||   2013-07-18 20:28|| Front Page Top

#16 Natural final step, thanks to unions and corrupt politicians (but I repeat myself).

And YES, they should sell the artwork, etc., to help pay their creditors. (And no, that money shouldn't go straight into the union pockets pension funds, stiffing all the other creditors.)

If I had to go bankrupt, with debts way over my head that I knew when I incurred them I wouldn't be able to pay, would I be allowed to hold the bulk of my tangible assets "in conservatorship for future generations"?

P.S. - I know someone who's in bankruptcy now, and the answer is NO.
Posted by Barbara 2013-07-18 21:00||   2013-07-18 21:00|| Front Page Top

#17 #13: "The city will continue to pay secured creditors, including water and sewer bondholders, who have the right to seize city assets if Detroit fails to pay."

Y'all might want to consider putting surveillance on the Museam to make sure those assets don't "fall off the back of" the Museum.

Just sayin'.
Posted by Barbara 2013-07-18 21:07||   2013-07-18 21:07|| Front Page Top

#18 FORWARD to the Detriotifcation of America!

Who is next? Califorina, Chicago or America?
Posted by Airandee 2013-07-18 21:34||   2013-07-18 21:34|| Front Page Top

#19 There is the large black fist statue though.(famous black boxer from the 40's)It's odd, a large forearm and fist hanging on a chain on a tripod.
it must be 10 - 15 feet long probably bronze.

Sick mind that I have, I keep thinking 'Buyers from The Castro District'...
Posted by Pappy 2013-07-18 21:44||   2013-07-18 21:44|| Front Page Top

#20 (Lets play the name game before the press does)

Its all the fault of...

A) Rich people - they moved away!

B) Corporations - they moved away (or went broke)

C) White People - they moved away because they are racist (Jesse jackhole in 3...2..1...)

D) Gun Owners - guns are evil! (Brady Campaign)

E) Republicans (Harry Reid will see to it)

F) George Bush (Gonna see Obama go pretzyl on this one)
Posted by OldSpook 2013-07-18 22:33||   2013-07-18 22:33|| Front Page Top

#21 G) Tea Party (AyPee, Rooters, eventually)
Posted by OldSpook 2013-07-18 22:34||   2013-07-18 22:34|| Front Page Top

#22 Detroit is bankrupt and its George ZImmerman's fault! (NBC)
Posted by OldSpook 2013-07-18 22:35||   2013-07-18 22:35|| Front Page Top

#23 D *** ng it, America can go bankrupt, but NOT Amerika - E-V-A-R!

Wehell, thank goodness thats finally cleared up.
Posted by JosephMendiola 2013-07-18 23:09||   2013-07-18 23:09|| Front Page Top

23:09 JosephMendiola
23:07 JosephMendiola
22:51 JosephMendiola
22:35 OldSpook
22:34 OldSpook
22:33 OldSpook
22:29 OldSpook
22:27 OldSpook
22:26 OldSpook
21:47 mojo
21:44 Pappy
21:34 Airandee
21:33 Pappy
21:29 KBK
21:07 Barbara
21:00 Barbara
20:55 Flavirong Speter7894
20:44 trailing wife
20:33 trailing wife
20:32 swksvolFF
20:28 linker
20:24 trailing wife
20:17 trailing wife
20:15 tipper









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